A company that makes COVID-19 testing kits is laying off as many as 400 workers at two locations in Maine.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, News
Pfizer to seek OK for 3rd vaccine dose
The highly contagious delta variant, which is spreading rapidly around the world, now accounts for most new U.S. infections.
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Posted inBusiness
Stocks pull back from record highs as bond yields sink again
Investors will be turning their attentions to corporate earnings starting next week, when major banks report their results.
Posted inBusiness, Local & State, News, Schools and Education
Unity College to open environmental professions institute at Pineland Farms
The New Gloucester facility will focus on creating a skilled workforce for careers that are expected to be plentiful in the next few decades, such as solar technicians.
Posted inBusiness, Local & State
North Carolina forester fined for crash in Maine that injured 14 foreign workers
Garcia Forest Service violated labor laws before a van crash in Harrington that hurt the workers in 2017, the U.S. Department of Labor says.
Posted inBusiness, Nation & World
U.S. average mortgage rates continue to fall
Mortgage rates track a decline in yields on Treasury securities as the bond market continues to signal concerns over the strength of the pandemic recovery.
Posted inBusiness, Nation & World, News
As road travel resumes and vacations peak, gas prices spike to 2014 levels
According to AAA, the retail price of gasoline has risen about 40% nationally since the beginning of the year.
Posted inBusiness, Local & State, Nation & World, News
Maine to receive $20 million in settlement with OxyContin maker Purdue Pharma
Fifteen states, including Maine, had previously opposed the proposed plan to hold the Sackler family accountable for its part in the opioid crisis.
Posted inBusiness, Local & State, Nation & World, News
Maine jobless claims decline as U.S. claims edge up from pandemic low
The nation remains 6.8 million jobs short of the level it had in February 2020, just before the pandemic eliminated tens of millions of jobs.
Posted inBusiness, Nation & World, News
EU fines 4 German car makers $1 billion over emission collusion
The European Union says the companies avoided to compete on technology to limit pollution and denied consumers the chance to buy cleaner emission systems.